Zacks: Analysts Anticipate Enova International, Inc. (ENVA) to Announce $0.15 EPS
Equities research analysts expect that Enova International, Inc. (NYSE:ENVA) will announce earnings of $0.15 per share for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Enova International’s earnings. Enova International reported earnings per share of $0.28 in the same quarter last year, which would indicate a negative year over year growth rate of 46.4%. The company is expected to issue its next earnings report on Thursday, October 26th.
According to Zacks, analysts expect that Enova International will report full year earnings of $1.29 per share for the current financial year, with EPS estimates ranging from $1.26 to $1.32. For the next financial year, analysts anticipate that the company will report earnings of $1.73 per share, with EPS estimates ranging from $1.70 to $1.75. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Enova International.
Enova International (NYSE:ENVA) last released its quarterly earnings results on Thursday, July 27th. The credit services provider reported $0.35 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.35. The business had revenue of $189.90 million for the quarter, compared to analysts’ expectations of $193.70 million. Enova International had a return on equity of 15.97% and a net margin of 5.42%. The company’s revenue was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.25 EPS.
A number of analysts have recently commented on the company. BidaskClub downgraded Enova International from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. Maxim Group began coverage on Enova International in a report on Wednesday, July 12th. They issued a “buy” rating and a $18.00 price objective for the company. Zacks Investment Research cut Enova International from a “buy” rating to a “hold” rating in a research note on Wednesday, June 28th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $17.00 target price on shares of Enova International in a research note on Friday, July 14th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $15.00.
Several hedge funds and other institutional investors have recently bought and sold shares of ENVA. Blair William & Co. IL acquired a new stake in shares of Enova International during the 1st quarter valued at $165,000. Tudor Investment Corp ET AL bought a new stake in shares of Enova International during the 2nd quarter worth $175,000. Arizona State Retirement System boosted its stake in shares of Enova International by 1.7% during the 1st quarter. Arizona State Retirement System now owns 12,164 shares of the credit services provider’s stock worth $181,000 after acquiring an additional 200 shares in the last quarter. Airain ltd acquired a new position in shares of Enova International in the 1st quarter worth $187,000. Finally, Affinity Investment Advisors LLC grew its holdings in shares of Enova International by 0.7% in the 2nd quarter. Affinity Investment Advisors LLC now owns 15,279 shares of the credit services provider’s stock worth $227,000 after acquiring an additional 104 shares during the last quarter. 95.32% of the stock is currently owned by institutional investors.
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Shares of Enova International (NYSE ENVA) traded up 1.49% on Monday, hitting $13.65. The stock had a trading volume of 23,187 shares. Enova International has a 12-month low of $8.68 and a 12-month high of $16.80. The firm has a market cap of $459.77 million, a P/E ratio of 10.99 and a beta of 3.48. The company’s 50-day moving average price is $12.46 and its 200 day moving average price is $13.91.
Enova International declared that its board has initiated a stock buyback program on Friday, September 15th that allows the company to repurchase $25.00 million in outstanding shares. This repurchase authorization allows the credit services provider to reacquire up to 63% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.
Enova International Company Profile
Enova International, Inc is a technology and analytics company. The Company provides online financial services. As of December 31, 2016, the Company offered or arranged loans to consumers in 33 states in the United States and in the United Kingdom and Brazil. As of December 31, 2016, it also offered financing to small businesses in all 50 states and Washington DC in the United States.
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